{"id":56436,"date":"2025-02-19T19:32:07","date_gmt":"2025-02-19T19:32:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/19\/cmhc-forecasts-slowdown-in-housing-starts-through-2027\/"},"modified":"2025-02-19T19:32:07","modified_gmt":"2025-02-19T19:32:07","slug":"cmhc-forecasts-slowdown-in-housing-starts-through-2027","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/19\/cmhc-forecasts-slowdown-in-housing-starts-through-2027\/","title":{"rendered":"CMHC forecasts slowdown in housing starts through 2027"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Real Estate<\/li>\n<li class=\"breadcrumbs__item\">Mortgages<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">CMHC forecasts remain above the 10-year average<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Feb 19, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"02e9d1ce-5507-4061-aea1-ff522c78b7b3\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The total monthly seasonally adjusted annual rate for housing starts across Canada increased three per cent in January. <\/span> <span class=\"credit\">Photo by THE CANADIAN PRESS\/Jonathan Hayward<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Housing starts across Canada kicked off the year strong, but lower immigration levels and evolving U.S. trade policies are clouding the country\u2019s economic outlook, which has had a cascading effect on the housing market, according to the Canada Mortgage and Housing Corporation (CMHC).<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The total monthly seasonally adjusted annual rate for housing starts across Canada increased three per cent in January, while actual housing starts were up seven per cent year-over-year in areas with a population of at least 10,000, the CMHC said in its 2025 housing market outlook.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment7686071524460802495769080758272000\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg article-content__sign-in-group hidden\" data-aqa=\"identity-sign-in\" 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leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">\u201cWhile these increases show early signs of progress to begin the year, foreign trade risks add significant uncertainty for housing construction going forward,\u201d CMHC deputy chief economist Tania Bourassa-Ochoa said in a release.<\/p>\n<p>While the CMHC forecasts \u201cmodest\u201d economic growth in 2025 with the outlook improving into 2026-\u201927, it\u2019s a mixed bag for the housing market.<\/p>\n<p>\u201cSlower population growth and economic challenges will limit housing activity,\u201d the report said. \u201cOn the other hand, some households will see improved buying power, boosting housing activity in the short term.\u201d<\/p>\n<h2>Housing starts to slow in 2025, but it\u2019s all about location<\/h2>\n<p>The CMHC forecasts that housing starts will slow down starting this year through 2027 \u2014 but will remain above the 10-year average \u2014 mainly due to a domino effect in the condominium market.<\/p>\n<p>\u201cWith low investor interest and more young families looking for family-friendly homes, developers will find it harder to sell enough units to fund new projects,\u201d the report said. \u201cThe increase in unsold units will likely reduce new project launches, leading to a decline in new condominium apartment construction.\u201d<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot18 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https:\/\/dcs-static.gprod.postmedia.digital\/18.0.4\/websites\/images\/newsletters\/icon-fp-topStories.svg 1600w\" alt=\"Top Stories\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.0.4\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment7782978329686739007153703980367872\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">In condo-centric Ontario, particularly in the Greater Toronto Area, Hamilton, Kitchener, Cambridge and Waterloo, higher interest rates have pushed down demand, which has in turn \u201creduced condominium apartment starts, with fewer land deals, project launches and pre-construction sales in the past two years,\u201d the report said.<\/p>\n<p data-async=\"\">Pricing, low demand, lack of presales and lack of land deals are also straining British Columbia\u2018s condo construction starts, but a stronger resale market could prop up planned projects. The CMHC also expects condo starts to stay \u201cquite weak\u201d in the eastern markets, which includes Ottawa, Gatineau, Montreal, Quebec and Halifax.<\/p>\n<p>Instead, the CMHC expects more affordable options like row houses to lead a \u201csmall recovery\u201d in ground-oriented homes, including detached and semi-detached houses.<\/p>\n<p>\u201cRegionally, new construction in Quebec will recover from recent lows. In Alberta, new construction will slow down from high levels,\u201d the report said.<\/p>\n<p>Strong momentum in rental apartment construction is largely driving housing starts across the country and is expected to continue in 2025-\u201926 after a record year in 2024 due to government incentives for rental construction.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment655249691211802188249679838314496\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Federal programs are driving growth in rental starts in the Prairies, while a \u201chistorically tight rental market\u201d and government programs in Vancouver and Victoria are spurring new developments. The CMHC says the lack of condo starts in Ontario will be offset by \u201crobust\u201d purpose-built apartment rental starts in 2025 \u2014 though that may cool off in 2026 as cautious developers keep an eye on increasing vacancies and lack of high-rise land deals. In the eastern markets, the CMHC expects rentals will account for \u201cmost new construction.\u201d<\/p>\n<h2>Trade war creating significant economic uncertainty<\/h2>\n<p>In its report, the CMHC lays out three scenarios and their impact on housing \u2014 low growth, medium growth and high growth \u2014 based on the \u201csignificant economic uncertainty\u201d posed by reduced immigration targets over the next three years and possible U.S. tariffs. In a worse-case scenario, the U.S. imposes a 25 per cent tariff on all Canadian imports.<\/p>\n<p>\u201cThis could have a major impact on Canada\u2019s economy as early as 2025, including: investment uncertainty, a weaker Canadian dollar, lower export revenues, job losses, higher inflation [and] a greater risk of recession.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment1409733626214967312114209884471296\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Highlighting a medium-growth scenario, wherein the U.S. imposes a 25 per cent tariff on 10 per cent of Canadian goods and Canada hits back with retaliatory tariffs on U.S. goods, the report says the economic impact could be dulled by \u201cstronger U.S. government spending and higher U.S. demand for imports as a result.\u201d<\/p>\n<p>But even with several economic headwinds, the CMHC said it expects housing market activity in Canada to improve as lower mortgage rates and changes to mortgage rules bring buyers who were previously priced out of the market off the sidelines, along with repeat homebuyers who are looking to upgrade, are rethinking their pandemic-era purchase or are facing mortgage renewals. First-time homebuying millennials are expected to continue to drive housing demand in large urban areas.<\/p>\n<section aria-labelledby=\"moreTopicLabel8705591868512641244900482128805888\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" listings=\"\" soar=\"\" in=\"\" canada=\"\" housing=\"\" market=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Newly listed properties jumped 11 per cent in January from the month before, the biggest seasonally adjusted monthly increase in new supply on record going back to the late 1980s.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=80&sig=VZ5FQIUUe8Qo7eVIYDTnPg\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=5&sig=piMI9aGFE3sV4YeYYhqpHQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=96&strip=all&quality=80&sig=VZ5FQIUUe8Qo7eVIYDTnPg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=192&strip=all&quality=80&sig=39lDgAJiudLKCW596TGtVA 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/housing-market-0218-ph.jpg?h=288&strip=all&quality=80&sig=T0CPcsbXROhPqDUqJ6uVbQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">New listings soar in Canada&#8217;s housing market<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" fixed=\"\" mortgage=\"\" rates=\"\" could=\"\" be=\"\" boost=\"\" for=\"\" buyers=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A 'sold' sign in front of a home in the York neighbourhood of Toronto, Ont.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=80&sig=tpClFgQAfsKgSoPG_XcTuA\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=5&sig=1Lz1B2j-23KduASpB1nVvA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=96&strip=all&quality=80&sig=tpClFgQAfsKgSoPG_XcTuA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=192&strip=all&quality=80&sig=oWttdV18-_IvonjF29ELqw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0206sold.jpg?h=288&strip=all&quality=80&sig=NpDrpq6ucAknLA55z3xvUw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Falling fixed mortgage rates could be boost for buyers<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>\u201cBy 2027, we expect much of the pent-up demand to be met,\u201d the report said. \u201cAlthough mortgage payments and prices will rise, improved job markets and income growth will make housing more attainable than during the 2022 to 2024 period. This will support further recovery in sales.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email: jswitzer@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>CMHC forecasts slowdown in housing starts through 2027<\/a><br \/>\n<br \/>2025-02-19 19:32:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Real Estate Mortgages CMHC forecasts remain above the 10-year average Published Feb 19, 2025 \u00a0\u2022\u00a0 4 minute read You can save this article by registering for&#8230;<\/p>\n","protected":false},"author":2,"featured_media":56437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0220-bc-house.jpg?quality=90&strip=all&w=288&h=216&sig=F-m9kL2QANG2_DM2QkQrlQ","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-56436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=56436"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/56437"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=56436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=56436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=56436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}